About past, present and future of Ukraine

Main War — Government endorses a decision to ban all imports from Russia

War

Government endorses a decision to ban all imports from Russia

10 Apr, 2022
172
Government endorses a decision to ban all imports from Russia

Share this article


Source: Ministry of Economy of Ukraine

The Cabinet of Ministers of Ukraine supported the decision to impose a full embargo on imports of goods from Russia. From now on, no russian products will be able to be imported into Ukraine.

"Such a decisive step by Ukraine can serve as an example for our Western partners and will stimulate them to strengthen sanctions against russia. Including the introduction of an energy embargo and the isolation of all russian banks. Such actions will be our contribution to the contraction of the russian economy and thus will contribute to our victory," said First Deputy Prime Minister - Minister of Economy of Ukraine Yulia Svyrydenko.

According to the Ministry of Economy of Ukraine, the ban on russian imports will block foreign exchange earnings to russia by USD 6 billion annually. The budget of the aggressor country will not receive these funds, and thus will reduce its potential funding for war.


The Odessa Journal

The Odessa Journal

more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...